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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Market Wrap: Bitcoin Climbs as Elon Musk Tames Shorts
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
Elon Musk Says SpaceX Holds Bitcoin at 'B Word' Conference
The tech entrepreneur and provocateur said he personally owns bitcoin, ether and, naturally, dogecoin.
Ether Falls Toward $1.7K as Bitcoin's Price Drop Weighs on Broader Market
One analyst said markets priced in Ethereum's impending EIP upgrade earlier this year.
Market Wrap: Bitcoin Flat; Fed’s Powell Grilled on Crypto
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.
Ether Erases Early Losses, Faces Resistance Above $2K
"We would add exposure if ether can confirm a breakout above its 50-day MA," one chart analyst said.
Market Wrap: Ether Outperforms Bitcoin as Crypto Sentiment Improves
Ether is attempting to break above the 50-day moving average for the first time since March.
BlockFi Rate Cut on Bitcoin Deposits Leaves Rivals Scratching Heads
The decision was made based on "changing market conditions."
Ethereum Gas Fees at 6-Month Low as Market Cools, Layer 2 Solutions Ease Congestion
Ethereum gas fees have abated with decreasing network congestion. Also, there's Flashbots.
Ethereum Investment Funds Saw Record Outflows of $50M
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
